The private placement is subject to the approval of the Canadian Securities Exchange and the securities will be subject to a hold period of four months and one day under securities laws.
HealthSpace intends to use the net proceeds from the private placement for general working capital and to support sales marketing efforts for new commercial enterprise markets, such as restaurants, hospitality, hotels, and cannabis production and distribution as well as development of its blockchain technology.
“We are confident that this investment is the start of a long-term partnership, a partnership that was an easy decision for us because HealthSpace is a leader in their field,” said Vanbex Capital CEO Kevin Hobbs. “Vanbex Group has an extensive track record of incubating successful blockchain companies with over 60 blockchain companies in (our) portfolio, some of which are the top companies in the industry globally, and have been able to help their clients raise over $100 million in initial coin offerings for their clients. This partnership will help bring blockchain technology to the masses.”
HealthSpace CTO Silas Garrison added that as the company progresses towards creating a blockchain platform for audit trails, it’s imperative to pick the right partners. “Vanbex has the all right track record and experience and brings immense value. We couldn’t be happier to work with not only them, but are also excited about the opportunity to work with their other portfolio companies. We are sure that together, we can create an unparalleled approach in the blockchain.”
HealthSpace will also collaborate with Etherparty, a company in the Vanbex group of companies that is focused on providing an easy-to-use smart contract creation tool and, in particular, running initial coin offerings. The company believes that this is part of the implementation of blockchain technology. This would allow for the additional generation of revenue through the new technology by extracting value at the transaction level. Etherparty’s suite of services and smart contract technology will help accelerate the development and production of the blockchain technology for HealthSpace’s specifc use cases in which they are already leaders.
(that is a very very important paragraph from the Dec 5th 2017 NR to read adn re-read and then as an investor to re-read again a 3rd time and then to understand what the company is guiding on-its not entirely a change of business...its positioning itsel
to migrate its existinc client base to the blockchain platform as well as the creation
and migration into vertical sectors. this is big. and it gives public guidance
of their new strategic business strategy into 2018 and beyond...this is a big big
transformational move by HealthSpace Data that the market is just starting to understand is underway and waking up to. theRev)
HealthSpace is an industry leading technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. Over the last decade, HealthSpace has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. HealthSpace currently offers the only integrated inspection, administration and analytics product suite across all platforms in North America. Further, HealthSpace now delivers its government-grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status.
(this is the huge opportunity for HS at hand to leverage its governmental expertise ito the private sector...a natural vertical market sector for HS to develop...exploit and capitalize on. theRev)
HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals (here yeah go-the company just validates what I said above they are doing...expanding into verticals -huge opp here and a creation of another recurring revenue stream. theRev) to enable new customers with proactive environmental health best practices and policies.
NB. this above article is from Chris Parry at the Equity Guru. I am bullish on HS for
all the obvious reasons before Parry has expounded on them in this article. What
needs to be of note...I am not a particilar blockchain sys investor. Infact have shunned
from them. Only investments I have in blockchain (and/or crpto currencies) were by default
that being the companies I had invested already migrated to Blockchain or some other
techno aspect such as crytpo currencies AFTER I had invested in them.
HS is actually the first company I have invested based on their migrating their high value
long established government (at all levels of govenment) clients to their decision
to employ and develop block chain sys mgmt.
And i do not honestly and sincerely believe that most investors from the retail space
and professional money space (bay street traders) realize how big a transformational
shift in an already proven business model of some 20yrs in operation-this is no fly by nite company...its here for the long haul and has been in the long haul for over two decades
and counting...how big a transformational shift and massive opp for HealthSpace Data
is infront of them. And with that? its early investors on ROI.
This will be my last contribution to the thread till start of the New Year 2018
Happy New Year to all who congregate here for DD discussion purposes.
"fortune favors the brave" the Economist Magazine
theRev
https://equity.guru/microposts/healthspace-data-signs-blockchain-mou-vanbex/